An Oklahoma City oil company found a way to thrive despite the downturn in the oil and gas industry.

An Oklahoma City oil company found a way to thrive despite the downturn in the oil and gas industry.

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Updated: 7:55 PM CDT Sep 23, 2016

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WEBVTT AN OKLAHOMA CITY OIL COMPANY I BOOMING, EVEN EXPANDING. MECCA: KOCO'S CRYSTAL PRICE WITH HOW THE COMPANY HAS SEEMINGLY BEATEN THE DOWNTURN. CRYSTAL: HARDING SHELTON EXPLORATION HAS BEEN IN BUSINESS FOR 35 YEARS. WHILE MANY OIL COMPANIES ARE STILL RECOVERING, THIS COMPANY IS PREPARING TO EXPAND. WHEN THE OIL CRISIS HIT, HARDING SHELTON EXPLORATION WAS NO EXCEPTION. >> WE HAD TO REEVALUATE OUR COSTS. CRYSTAL: PRESIDENT NATHANIAL HARDING SAYS IT WAS ABOUT A YEAR AGO WHEN THE COMPANY DEVELOPED A DIFFERENT STRATEGY TO INCREASE , PRODUCTION IN SHALLOW WELLS RATHER THAN IN DEEP WELLS. >> IN A LOT OF CASES YOU HAVE LOWER PRODUCTION COSTS WITH THE SHALLOWER PRODUCT. CRYSTAL: HE SAYS SHALLOW WELLS ALSO CONTAIN LESS WATER, WHICH MEANS THEY SAVE ON WATER PRODUCTION COSTS. THIS ALLOWS THEM TO PARTNER WITH TPH PARTNERS TO CREATE A NEW COMPANY ANTIOCH ENERGY. THROUGH THIS EXPANSION THEY COULD HIRE UP 10 TO 15 MORE EMPLOYEES. >> YOUR FINDING THE MOST SUCCESSFUL COMPANIES ARE FOCUSING ON THE HIGHEST QUALITY WELDS.

OKC oil company thriving during industry downturn

An Oklahoma City oil company found a way to thrive despite the downturn in the oil and gas industry.